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Blog Entry

Lakers pass Knicks as most valuable NBA franchise

Posted on: January 25, 2012 1:52 pm
Edited on: January 25, 2012 3:00 pm
 
Kobe Bryant's Lakers are the NBA's most valuable team. (Getty Images)
Posted by Ben Golliver

It might be the only title they win this season, but the Los Angeles Lakers have reclaimed the top spot as the NBA's most valuable franchise.

An annual ranking from Forbes Magazine released on Thursday notes that the Lakers have moved past last year's No. 1 team, the New York Knicks, and are worth an estimated $900 million. That's a staggering 40 percent increase over their 2011 valuation, a gain aided in large part by a massive new television deal signed in February 2011.

The Knicks are worth an estimated $780 million this season, a 19 percent increase over the 2011 valuation. New York added All-Star forward Carmelo Anthony via trade at last year's deadline and signed starting center Tyson Chandler during the December free agency period.

In 2011, New York ($655 million) was No. 1, topping Los Angeles ($643 million). The Lakers had been No. 1 in 2010.

Forbes notes that many of the league's major financial indicators are positive. 
Blockbuster television deals and a new collective bargaining agreement have lifted the value of the average NBA team to a record $393 million, up 6.5% over last year.

The NBA’s TV ratings soared nationally and locally last year, jumping more than 50% on regional sports networks for at least eight teams. TNT and Walt Disney‘s ESPN/ABC pay $930 million a year on average for rights to NBA games nationally. All three benefited from the hype surrounding LeBron James’ move to the Miami Heat, with ratings up 45% for games on TNT, 30% on ABC and 29% on ESPN. In an increasingly DVR-saturated environment, media companies will pay up for sports — it’s one of the few programming options left that guarantee a large number of eyeballs for advertisers.

NBA revenues hit a record $4 billion last season, up 4.2% from the prior year. The average NBA team had an operating profit (earnings before interest, taxes, depreciation and amortization) of $5.8 million last year, down 5% from the prior year. That profit is inflated by the top teams as the Lakers, Knicks, Bulls and Heat average $46 million in earnings while the rest of the league had a cumulative loss. Overall, 15 teams lost money, led by the Charlotte Bobcats and Memphis Grizzlies, who both were $25 million in the red. 
The rest of the 2012 top-5 most valuable franchises: Chicago Bulls ($600 million, up 17 percent), Dallas Mavericks ($497 million, up 13 percent) and Boston Celtics ($482 million, up 7 percent).
Comments

Since: Dec 2, 2008
Posted on: January 27, 2012 10:06 am
 

Lakers pass Knicks as most valuable NBA franchise

James Dolan has ruined everything he touched! One year off of getting rid of donny walsh the knicks are in the crapper again! wish they can take the melo trade back.... he will never win in the nba!




Melo will never win in the NBA?  He's never had a losing season and took a Nuggets team that was tied for the worst record in the league the year before he came to the playoffs his rookie year.  Melo and the Knicks still have much less than a season together and that's with a lockout in the middle.  Boston is going to blow up the geezer team after this year, if they even make it that long, and the Knicks will dominate a sorry Atlantic Division.  Worst case scenario is the Knicks don't win a title, which is the same story since 1973.  Sometimes even the greats don't win a title.  Just ask Stockton, Malone, Barkley, and Ewing.



Since: Nov 5, 2011
Posted on: January 26, 2012 5:52 pm
 

Lakers pass Knicks as most valuable NBA franchise

James Dolan has ruined everything he touched! One year off of getting rid of donny walsh the knicks are in the crapper again! wish they can take the melo trade back.... he will never win in the nba!




Since: Nov 10, 2006
Posted on: January 26, 2012 10:59 am
 

Lakers pass Knicks as most valuable NBA franchise

"Oh well, at least the Knicks still hold the crown of having the dumbest owner."

As a Knicks fan, all I can say is, sad but true....



Since: May 26, 2009
Posted on: January 25, 2012 8:53 pm
 

Lakers pass Knicks as most valuable NBA franchise

It might be the only title they win this season...
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...meh?



Since: Dec 13, 2007
Posted on: January 25, 2012 8:38 pm
 

Lakers pass Knicks as most valuable NBA franchise

The Celtics were ranked 5th, but that doesn't reflect thier value to their fans! Priceless!



Since: Oct 16, 2011
Posted on: January 25, 2012 8:30 pm
 

Lakers pass Knicks as most valuable NBA franchise

Funny Stern sold the NBA was going broke, forced a lock out and now the Lakers value jumped by 40% in one year!!! A 40% jump is $257 million. Yeah I'm sure that will help "level the playing field". SMH



Since: Dec 12, 2010
Posted on: January 25, 2012 5:19 pm
 

Lakers pass Knicks as most valuable NBA franchise

Ahh what are you gonna do. I wont pay a dime to see those guys play anyways.




Since: Dec 20, 2008
Posted on: January 25, 2012 4:04 pm
 

Lakers pass Knicks as most valuable NBA franchise

Oh well, at least the Knicks still hold the crown of having the dumbest owner.


LakersUSCbam!
Since: Aug 12, 2009
Posted on: January 25, 2012 3:36 pm
This comment has been removed.

Post Deleted by Administrator



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